NAYPYITAW------Chairman of State Administration Council (SAC) Prime Minister Senior General Min Aung Hlaing called for dutiful settlement of loans provided by the state.
The SAC chairman chaired and addressed at the Union government meeting 8/2022 held in Nay Pyi Taw on 1 November 2022.
The government postponed the period of paying back debts to the State. Only when the State has a circulation of money will the businesses improve. So, borrowers need to pay back debts to the State in time. Only when the State regains debts will it be able to disburse them to others again, according to the SAC chairman.
The Senior General visited States and Regions since the beginning of September and he also met with the entrepreneurs aiming for development of MSME for enhancement of State Economy.
He also said that MSME plays a key role in the enhancement of the State economy. Policies have been laid down for MSME development. Efforts must be made for the development of MSMEs in regions and states MSME industries accounting for 99 per cent emphasize manufacturing for domestic measures. Using domestic raw materials will have greater benefits. It primarily needs materials, investments, inputs and human resources. If MSMEs use agricultural and livestock raw materials at home, it will save spending on foreign exchange. District cities need to make for the accomplishment of industries and manufacturing to contribute to the development of the domestic economy.
